Cold Drawn Seamless Steel Pipes Companies

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Global Cold Drawn Seamless Steel Pipes Market size was valued at USD 72451.7 million in 2021 and is poised to grow from USD 75859.22 million in 2022 to USD 110824.81 million by 2030, growing at a CAGR of 4.83% in the forecast period (2023-2030).

Cold Drawn Seamless Steel Pipes Market Competitive Landscape

Global cold drawn seamless steel pipes market is highly fragmented in nature with the existence of many well-known international and regional market players operating around the globe. Key companies of the market are increasing their investment in research & development activities and introduction to new and innovated product launches to cater to the growing consumer demand and expand their market reach to stay ahead of its competitors.

Cold Drawn Seamless Steel Pipes Market Top Player’s Company Profiles

ArcelorMittal North America Holdings
Nippon Steel & Sumitomo Metal Corporation
Tenaris S.A.
Vallourec SA
JFE Steel Corporation
Tata Steel Limited
Wheatland Tube Company
United States Steel Corporation
Sandvik AB
Salzgitter AG
PTC Alliance Holdings Corp.
Mannesmann Stainless Tubes GmbH
Zhejiang JIULI Hi-Tech Metals Co., Ltd.
Penn Stainless Products, Inc.
Marcegaglia SPA
Aperam S.A.
KME Germany GmbH & Co KG
Schoeller Bleckmann AG
Pooiasteel Industrial Group
Sanyo Special Steel Co., Ltd.

Cold Drawn Seamless Steel Pipes Market

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Cold Drawn Seamless Steel Pipes Market size was valued at USD 72451.7 million in 2019 and is poised to grow from USD 75859.22 million in 2023 to USD 110824.81 million by 2031, growing at a CAGR of 4.83% in the forecast period (2024-2031).

cold drawn seamless steel pipes market is highly fragmented in nature with the existence of many well-known international and regional market players operating around the globe. Key companies of the market are increasing their investment in research & development activities and introduction to new and innovated product launches to cater to the growing consumer demand and expand their market reach to stay ahead of its competitors. 'ArcelorMittal North America Holdings', 'Nippon Steel & Sumitomo Metal Corporation', 'Tenaris S.A.', 'Vallourec SA', 'JFE Steel Corporation', 'Tata Steel Limited', 'Wheatland Tube Company', 'United States Steel Corporation', 'Sandvik AB', 'Salzgitter AG', 'PTC Alliance Holdings Corp.', 'Mannesmann Stainless Tubes GmbH', 'Zhejiang JIULI Hi-Tech Metals Co., Ltd.', 'Penn Stainless Products, Inc.', 'Marcegaglia SPA', 'Aperam S.A.', 'KME Germany GmbH & Co KG', 'Schoeller Bleckmann AG', 'Pooiasteel Industrial Group', 'Sanyo Special Steel Co., Ltd.'

Rising popularity of seamless steel pipes in oil & gas sector across the nation is key factor expected to drive the growth of the cold drawn seamless steel pipes market during the forecast period. Rising production of crude oil across various regions such as United States, Germany, France, China, and India and growing adoption of these type of pipes is fostering the demand for seamless steel pipes. For instance, according to the U.S. Energy Information Administration, in March 2022, 11.7 million barrels/day crude oil was manufactured in the United States. And, United States was the leading producer of oil globally.

Increasing adoption of seamless steel pipes across various applications due to is several beneficial characteristics like high strength, longer durability, and corrosion resistance coupled with the growing technological advancements in manufacturing processes are creating lucrative growth opportunities for the market growth. In the last few years, many new and innovated products have been introduced by several large market players as per growing consumer demand and needs is also fueling the market growth.

Globally, Asia Pacific dominated the cold drawn seamless steel pipes market and is expected to maintain its dominance throughout the forecast period. Rapid growth in industrialization and extensive rise in the transportation sectors coupled with the growing oil & gas industry are key factors projected to drive the growth of the regional market. Moreover, a tremendous rise in the construction projects mainly in developing countries including India and China are likely to boost the demand for seamless steel pipes in the region.

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Cold Drawn Seamless Steel Pipes Market Competitive Landscape

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